THIS SECTION WAS REPEALED IN THE 2022 REGULAR SESSION BY ACT 2022-2 EFFECTIVE FEBRUARY 3, 2022. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Each postsecondary educational institution shall conduct financial literacy and life skills programming for student athletes. At a minimum, the programming must include information concerning financial aid and debt management, as well as recommended model budgets for student athletes based on that academic year's estimated cost of attendance and the various scholarship statuses of student athletes at the institution. The programming shall also include information on time management skills necessary for success as a student athlete and available academic resources.
(b) The programming may not include any marketing, advertising, referral, or solicitation by providers of financial products or services.
(c) This section does not place any obligation on a postsecondary educational institution to provide tax guidance or financial safeguards to student athletes outside of the programming required under this section.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 26B - Revised Uniform Athlete Agents Act.
Article 3 - Compensation of Student Athletes.
Section 8-26B-50 - Definitions.
Section 8-26B-51 - Compensation for Use of Student Athlete's Name, Image, or Likeness.
Section 8-26B-52 - Professional Representation of Student Athlete.
Section 8-26B-53 - Revocation or Reduction of Scholarships.
Section 8-26B-54 - Financial Literacy and Life Skills Programming for Student Athletes.
Section 8-26B-55 - Alabama Collegiate Athletics Commission.
Section 8-26B-58 - No Cause of Action for Prior Acts.
Section 8-26B-59 - Employment Status of Student Athlete With a Postsecondary Education Institution.